Brazil's CSN waiting for better prices to sell assets, CEO says

CSN, as the company is known, has a current debt level equivalent to 5 times its earnings before interest, taxes, depreciation and amortization, a common gauge of operational profit. To reach the target of 3.5 times EBITDA, the company would have to sell assets. “We had many concrete proposals for many assets, but we think we should wait for the right moment to sell”, CEO Benjamin Steinbruch said. (Reporting by Alberto Alerigi; Writing by Tatiana Bautzer; Editing by Chris Reese)